Josh Robbins, chief strategy officer for America's Best 401k, breaks down the fight over the fiduciary rule. He also explains how you can make sure your 401k is healthy.
Robbins says the fiduciary rule is intended to make sure all financial professionals are working in the best interest of their clients, but it may lead to pros changing hats depending on the day. Robbins says it could make things "very confusing" for consumers.
Robbins explains people should be looking into their 401ks to make sure it's right for them. He says the average person shouldn't be messing around with market timing because it's an expensive game.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
